Business
Companies, markets, money and work. 601 stories, page 9 of 20.
Meta Negotiating Investment in Scale AI Potentially Exceeding $10 Billion
Meta Platforms Inc. is currently negotiating a potential multibillion-dollar investment in the artificial intelligence startup Scale AI, as indicated by sources close to…
Mohandas Pai highlights the shortage of local funding for Indian startups and urges a revamp of policies.
While India ranks as the third-largest startup hub globally, Pai warned that the country could lag in global innovation if these issues aren’t addressed.
UP government to establish a ₹125 crore factory complex in Greater Noida to enhance MSMEs
This initiative is part of UP’s strategy to establish the state as a prominent industrial hub, prioritizing support for micro, small, and medium enterprises (MSMEs)…
Lumax Auto Tech aims for 20% growth in FY26, anticipates ₹800–1,000 crore from Greenfuel within six years.
The company targets an EBITDA margin improvement of 80–100 basis points (bps) and aims for a long-term goal of achieving 20% EBITDA margins by the fiscal year 2030-31…
Bank of Baroda Reduces Lending Rate by 50 Basis Points Following Repo Rate Decline to 5.50%
The bank indicated that the revised BRLLR reflects the reduction in the RBI’s repo rate from 6.00% to 5.50%, while the mark-up component remains constant at 2.65%. This…
PNC Infratech secures ₹240 crore highway overpass contract from Rajasthan PWD.
“…we are excited to share that our company has obtained a Letter of Acceptance dated 06.06.2025 from PWD-Rajasthan for the project titled “Construction of Flyover from…
Suzlon Energy Share Transaction: Founders Aim to Divest 20 Crore Shares Valued at ₹1,300 Crore
The deal is expected to take place in the block deal window, with shares likely offered at a discount of up to 2% off the current market price.
Lupin Receives Tentative Approval from US FDA for Extended-Release Oxcarbazepine Tablets
This medication is the generic equivalent of Supernus Pharmaceuticals’ Oxtellar XR and is prescribed for treating partial-onset seizures in patients aged six and older.…
Infosys gains resolution from GST Intelligence regarding ₹32,403 crore pre-show cause notice.
This update follows a series of communications, including a pre-show cause notice issued by DGGI for the period from July 2017 to March 2022. The total GST amount cited…
Flipkart Names Ravi Iyer as CFO of Marketplace: Reports
Iyer will assume Marketplace CFO duties in addition to his current roles in Corporate Development, Group Financial Planning and Analysis (FP&A), Investor Relations, and…
Happydent launches a sparkling new campaign, rejuvenating its legendary storytelling tradition.
Now, Happydent returns with an innovative campaign that fuses its signature humor and visual style with a message designed for today’s audience.
CJ Darcl secures $32 million investment, focusing on LNG, electric vehicles, and rail for its next growth stage.
In an interview with CNBC-TV18, Nikhil Agarwal, President of CJ Darcl Logistics, expressed that this investment will target four primary areas—road transport, multimodal…
Hot Topics at 10: RBI’s Unexpected Rate Cut, Escalating Musk-Trump Conflict, Starlink Secures Approval in India, and More
In the meantime, Elon Musk’s Starlink secured a vital license from India’s telecom ministry, facilitating the launch of satellite internet services. Internationally…
SBI Targets 13% Credit Growth for FY26 Following RBI’s 50 Basis Point Rate Reduction, Says Chairman CS Setty
Setty remarked that retail loan growth is set to substantially strengthen, bolstered by improved borrower profiles along with the effects of the rate cut and recent tax…
RBI Governor Sanjay Malhotra: Stress from Unsecured Loans Eased, Yet MFI Loans Remain Challenged
The stress observed previously in unsecured loans and credit cards has “reduced”, stated Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday, June 6, during…
Ashoka Buildcon stock rises almost 6% after securing a ₹1,387 crore traffic management contract in Maharashtra.
The contract focuses on the design, implementation, operation, and maintenance of an Intelligent Traffic Management System across various regions.
Italian Companies to Establish Specialized Industrial Zones in Dighi, Chhatrapati Sambhaji Nagar, Maharashtra
Describing the initiative as an attempt to create a “home away from home” for Italian enterprises, India’s Commerce and Industry Minister Piyush Goyal announced that…
IREDA initiates Qualified Institutional Placement to generate up to ₹4,500 crore.
The offering has a base size of ₹1,500 crore, with an optional upsize of ₹3,000 crore, bringing the total possible issue size to ₹4,500 crore. The indicative price for…
Government considers similar PLI initiative for domestic production of rare earth magnets, according to sources.
Ongoing discussions between industry stakeholders and government officials aim to develop an incentive-based approach to foster the manufacture of high-performance rare…
Praj Industries teams up with Enersur SA for biorefinery project in Paraguay.
Through this collaboration, Praj will provide support for the design, assessment, and staged implementation of a comprehensive biorefinery. This facility will generate…
Gujarat High Court Postpones Celibi’s Request for Temporary Relief
The issue arose from the Indian government’s decision to revoke Celebi’s security clearance, citing national security concerns due to Turkey’s public support for…
Garden Reach stocks rise 4% following MoI with German company for four multi-functional vessels.
As stated in an exchange filing, the MoU involves the construction of four multi-purpose vessels, with the final contract anticipated by August 31.
Newgen Software secures $2.5 million global contract for digital transformation initiative.
The contract, granted by a foreign client, encompasses licensing, implementation, and support services, and will be carried out over a period of five years. Through this…
Visa India Chief: Credit Card Spending Soars 4X in Tier-2 and Tier-3 Cities
He pointed to information asymmetry and the cautious approach of banks as contributing factors to the low penetration, particularly in underwriting for self-employed…
HAL refutes claims of halted GE414 engine agreement, confirms discussions are progressing.
A recent article from a website claimed that discussions between HAL and GE had stalled, and that HAL was seeking engine alternatives from other manufacturers for its…
Exclusive: Nithin Kamath Reveals Zerodha’s Ambition to Evolve into a Comprehensive Financial Conglomerate in the Coming Decade
During a discussion with CNBC-TV18’s Shereen Bhan in Monaco for the EY World Entrepreneur awards, Kamath mentioned that the firm is still pursuing its ambition to obtain…
US Federal Reserve Removes 2018 Restrictions on Wells Fargo Following Fake Accounts Scandal
This is a positive development for Wells Fargo, which has dedicated nearly a decade to demonstrating to the public and regulators that it has made significant…
Wockhardt MD reveals that one in three NHS prescriptions in the UK are for medications produced in India.
He emphasized that India has made significant progress in generic drugs and medications not covered by patents in markets such as the United States and the United…
FITPASS targets direct-to-consumer growth while enhancing wellness services and expanding its national presence.
Having maintained profitability and positive cash flow for over three years, the company is now venturing into product-based wellness solutions in addition to its…
Schloss Bangalore consortium acquires BKC site for ₹1,302 crore to build a 250-room luxury hotel.
The consortium, spearheaded by Schloss Bangalore alongside its subsidiary Schloss Chanakya Pvt Ltd and Arliga Ecospace Business Parks Pvt Ltd — a Brookfield affiliate —…
Techno Electric Secures RailTel Contract for 10MW Data Center Project in Noida, UP
“…this is to inform that Techno Electric &Engineering Company Ltd (Techno Electric) has been appointed by RailTel Corporation of India Ltd, a “Navratna” Central Public…